Menu

Monthly Archives: August 2017

The city of Torrance California has No Rent Control. Torrance is a wonderful city to live with incredible schools, superb police and fire department, great dining/shopping and extremely close proximity to the beach cities of Redondo Beach, Hermosa Beach and Manhattan Beach.

As of August 21st there are 9 multifamily income properties for sale in Redondo Beach California. Two Duplex properties, one Triplex property, three Fourplex properties and three larger apartment buildings of 5 units or greater. Asking prices range from under $1,000,000 for one of the Duplex properties to just above $4,000,000 for a few of the larger apartment buildings.

Redondo Beach continues to be an incredible alternative to Manhattan Beach and Hermosa Beach for multifamily income property investors due to lower Gross Rent Multipliers and higher overall CAP Rates. Rents in Redondo Beach are rising quarter over quarter consistently, vacancy rates are decreasing and tenant demand is increasing. Quite the perfect situation to be a landlord/owner.

If you are looking for multifamily income property in Redondo Beach we highly recommend seeking an area expert. The neighborhoods of North Redondo, The Golden Hills and South Redondo all have different characteristics affecting overall value and rent rates. ForbesCorrales at the Manhattan Beach Coldwell Banker Office currently advises many seasoned investors in these areas.

Redondo Beach Real Estate and Multi-family Investment Properties

Redondo Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available tobuy multifamily rental propertiessuch as duplexes, triplexes, and fourplexes. These properties can bring in great incomeand can be sold quickly if you need to move your investments around. There is also no rent control in Redondo Beach.

Redondo Beach’s population was 67,693 as of 2012, which is more than Hermosa Beach or Manhattan Beach, the other two beach cities in the South Bay. The estimated median household income in 2011 was $97,547 (it was $69,173 in 2000). This is larger than the California median which was $57,287 in 2011.

Redondo Beach has large professional, scientific, and technical industries which comprise 13% of all industries in the city, which is almost twice that of the California average. This is because employers such as Northrop Grumman have 5,827 employees, which is 16% of the city’s total employment. Education is also a big industry with Redondo Beach Unified School district being the second largest employer in the city. The Beach Cities Health District, Nordstrom, Crowne Plaza, Cheesecake Factory, Target and Macy’s are also large employers.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 7 miles away. The Metro Green Line, which runs east to west, has a stop in Redondo at Marine Ave, thereby connecting Redondo with affordable transit to most LA cities. The hospital Providence Little Company of Mary is only 2 miles away in neighboring city Torrance and about 4 miles away is El Camino Community College, which has over 8500 full time enrolled students.

Redondo Beach has many attractions, the most popular of which is the Pier. Here tourists and locals alike enjoy the sandy beach and many restaurants that it has to offer. The South Bay Galleria shopping center also offers many retail and boutique shopping outlets and is located in the heart of Redondo.

All of these features make Redondo Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

This information was gathered from www.redondo.org, city-data.com and wikipedia

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Redondo Beach.

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

As of August 20th 2017 there are 10 multifamily income properties for sale in Manhattan Beach California. The least expensive investment property is a Duplex For Sale for under $2,000,000 on Gull Street in the “El Porto” region of Manhattan Beach. The most expensive Duplex For Sale in Manhattan Beach is on The Strand of course, listed just under $11,000,000. For more information on any of these income producing properties it is best to work with an area specialist. John Corrales 310-346-3332 and Lauren Forbes 310-901-8512 are currently the #1 ranked real estate team in ALL of Manhattan Beach according to Zillow.com ForbesCorrales.com is their website where you can learn more about their team.

MultiFamilyOWL.com specializes in Duplex income properties throughout Manhattan Beach, Hermosa Beach and Redondo Beach. MultiFamilyOWL.com receives many inquiries daily from income property owners looking to sell and income property buyers looking to buy. With the Beach Cities of South Bay being so unique, MultiFamilyOWL always advises owners and buyers to contact ForbesCorrales for the local specialized advisement.

Redondo Beach Real Estate and Multi-family Investment Properties

Redondo Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available tobuy multifamily rental propertiessuch as duplexes, triplexes, and fourplexes. These properties can bring in great incomeand can be sold quickly if you need to move your investments around. There is also no rent control in Redondo Beach.

Redondo Beach’s population was 67,693 as of 2012, which is more than Hermosa Beach or Manhattan Beach, the other two beach cities in the South Bay. The estimated median household income in 2011 was $97,547 (it was $69,173 in 2000). This is larger than the California median which was $57,287 in 2011.

Redondo Beach has large professional, scientific, and technical industries which comprise 13% of all industries in the city, which is almost twice that of the California average. This is because employers such as Northrop Grumman have 5,827 employees, which is 16% of the city’s total employment. Education is also a big industry with Redondo Beach Unified School district being the second largest employer in the city. The Beach Cities Health District, Nordstrom, Crowne Plaza, Cheesecake Factory, Target and Macy’s are also large employers.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 7 miles away. The Metro Green Line, which runs east to west, has a stop in Redondo at Marine Ave, thereby connecting Redondo with affordable transit to most LA cities. The hospital Providence Little Company of Mary is only 2 miles away in neighboring city Torrance and about 4 miles away is El Camino Community College, which has over 8500 full time enrolled students.

Redondo Beach has many attractions, the most popular of which is the Pier. Here tourists and locals alike enjoy the sandy beach and many restaurants that it has to offer. The South Bay Galleria shopping center also offers many retail and boutique shopping outlets and is located in the heart of Redondo.

All of these features make Redondo Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

This information was gathered from www.redondo.org, city-data.com and wikipedia

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Redondo Beach.

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

Buying and Selling Hermosa Beach Multi-family and Investment Property

Hermosa Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Hermosa Beach.

Hermosa Beach’s population was 19,773 as of 2012, which is smaller than Redondo Beach or Manhattan Beach, the other two beach cities in the South Bay.The estimated median household income in 2011 was $95,043 (it was $81,153 in 2000). This is larger than the California median which was $57,287 in 2011.

Hermosa Beach has large professional, scientific, and technical industries which comprise 15.8% of all industries in the city, which is almost twice that of the California average. The main occupations of its residents are in sales, services, wholesale and manufacturing, as well as a high number of engineers and computer specialists. The 24 hour fitness employs the most workers at 187, closely followed by the City of Hermosa with 183. Other top employers are Vons, Ralphs, and Patrick Molloys.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 7 miles away. The hospital Providence Little Company of Mary is only 4 miles away in neighboring city Torrance and about 5 miles away is El Camino Community College, which has over 8500 full time enrolled students.

Hermosa Beach has many attractions, the most popular of which is the Pier. Here tourists and locals alike enjoy the sandy beach and many restaurants and shopping that it has to offer. It also hosts the Hermosa Valley Greenbelt which at any time of day or night joggers and walkers enjoy its soft woodchip trails and graceful landscaping.

All of these features make Hermosa Beach a great city to buy or sell multifamily investmentrental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Manhattan Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Manhattan Beach.

Manhattan Beach’s population was 35,738 as of 2012. The estimated median household income in 2011 was $123,348 (it was $100,750 in 2000). This is larger than the California median which was $57,287 in 2011. Many high profile individuals in the sports and entertainment industry call Manhattan Beach home due to its oceanfront desirability, top performing school district (ranked third best in the state of California), and commuting distance to Los Angeles.

Manhattan Beach has large professional, scientific, and technical industries which comprise 17.6% of all industries in the city, which is more than twice that of the California average. The city’s top employers are Target, Skechers, Macy’s, Fry’s Electronics, Marriott, Ralphs, and Olive Garden, with more restaurants and hotels being among the largest employers.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 5 miles away. The hospital Providence Little Company of Mary is only 5 miles away in neighboring city Torrance and about 5 miles away is El Camino Community College, which has over 8500 full time enrolled students.

Manhattan Beach has many attractions, the most popular of which is its 2.1 mile long beach. Here tourists and locals alike enjoy the sandy beach and many restaurants that it has to offer. The Metlox Plaza is in downtown Manhattan Beach and boasts upscale shopping and dining with landscaped courtyards, fountains, a fire sculpture and public art.

All of these features make Manhattan Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Manhattan Beach.

MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us at contact@MultiFamilyOwl.com

Craig O’Rourke an agent at Coldwell Banker Manhattan Beach just listed a very well priced duplex multifamily income property in Hermosa Beach California. You can contact Craig directly at 310-714-5452 www.craigsellsrealestate.com CalBRE# 01133381 Craig has also listed the adjoining vacant land making this a possible re-development project. The Duplex is priced at $675,000 and the vacant land is priced at $425,000. These low prices are unheard of in Hermosa Beach and MultiFamilyOWL advises contacting Craig as soon as possible for further information!!!!! To view all available duplex triplex fourplex income properties don’t forget to visit MultiFamilyOWL.com daily!

My website www.MultiFamilyOWL.com is generating many , many, many buyer/seller multifamily income property prospects everyday. MultiFamilyOWL receives information requests for buyers/sellers of multifamily income property throughout Los Angeles County, San Bernardino, Riverside, Pasadena, Orange County and San Diego Counties.

The fastest and easiest FREE way to receive tons of leads is to email me contact@multifamilyowl.com a link to the MLS listing of your multifamily listing that is currently active or looking for back-ups and I will highlight it on MultiFamilyOWL.com with YOUR NAME, YOUR BROKERAGE, YOUR PHONE NUMBER and YOUR EMAIL ADDRESS so you receive the leads/prospects directly.